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Lands' End, Inc. -- Moody's affirms Lands' End's CFR at B3; Outlook changed to positive

Moody's Investors Service, ("Moody's") affirmed Lands' End, Inc.'s ("Lands' End") B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, and B3 senior secured term loan due 2021. "The affirmation of Lands' End's ratings and change to a positive outlook reflects the company's ongoing credit metric improvement, driven in large part by a material strengthening in operating performance over the last few years and recently hastened by a voluntary $100 million prepayment on its term loan using balance sheet cash," said Brian Silver, Moody's lead analyst for Lands' End.